Summit Financial Balance Sheet - Annual (NASDAQ:SMMF)

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$21.17 $0.12 (0.56%) SMMF stock closing price Jul 21, 2017 (Closing)

A thorough fundamental analysis involves using data from Summit Financial balance sheet, apart from other financial statements, to value the business. Financial strength can be guaged by performing Summit Financial stock analysis and by analyzing the balance sheet. Quarterly results announcements include the release of all three financial statements, of which the balance sheet is one. Summit Financial balance sheet as at the end of 2016 indicates an asset turnover ratio of 0.05M and debt to equity ratio of 1.89M. Whereas, Summit Financial revenue was $75.69M and Summit Financial operating cash flow was $23.21M for the same period. View latest and last 10 year balance sheet data to check Summit Financial financial performance..

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Annual
Quarterly
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Fiscal year is Jan - Dec. 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007
Cash46.61M9.48M12.51M11.78M14.8M32.69M50.34M41.06M11.46M21.54M
Marketable Securities----------
Receivables1.31B1.08B1.03B942.73M942.78M971.3M1B1.14B1.2B1.06B
Inventory0.17M0.77M0.52M0.32M0.22M-0.34M-0.97M1.37M
Raw Materials----------
Work In Progress----------
Finished Goods----------
Notes Receivable----------
Other Current Assets----------
Summit Financial Total Current Assets
1.36B1.1B1.04B954.84M957.81M1B1.05B1.18B1.21B1.08B
Property Plant & Equipment45.21M42.32M39.73M39.25M39.06M38.93M38.61M39.35M36.09M-
Accumulated Depreciation21.47M20.74M19.67M18.62M17.93M16.85M15.52M15.11M13.65M-
Summit Financial Net Property Plant & Equipment
23.73M21.57M20.06M20.62M21.12M22.08M23.09M24.23M22.43M22.13M
Investment & Advances279.48M289.74M289.01M296.59M296.19M305.74M294.67M295.66M350.62M300.06M
Other Non-Current Assets---------2.27M
Deferred Charges----------
Intangibles13.65M7.49M7.69M7.94M8.3M8.65M9M9.35M9.7M10.05M
Deposits & Other Assets80.95M78.47M88.07M106.21M103.66M109.64M99.81M70.65M32.53M18.41M
Summit Financial Total Assets
1.76B1.49B1.44B1.39B1.39B1.45B1.48B1.58B1.63B1.44B
Notes Payable224.46M171.39M123.63M62.76M3.95M15.95M1.58M49.73M153.1M172.05M
Accounts Payable1.3B1.07B1.06B1B1.03B1.02B1.04B1.02B965.85M828.68M
Current Portion Long-Term Debt----------
Current Portion Capital Leases----------
Accrued Expenses----------
Income Taxes Payable----------
Other Current Liabilities----------
Summit Financial Total Current Liabilities
1.52B1.24B1.18B1.07B1.03B1.03B1.04B1.07B1.12B1B
Mortgages----------
Deferred Taxes/Income----------
Convertible Debt----------
Long-Term Debt66.25M95.17M113.87M199.9M239.65M306.64M340.49M417.88M412.33M315.73M
Non-Current Capital Leases----------
Other Long-Term Liabilities17.04M15.41M13.09M8.66M7.8M8.45M9.63M9M8.58M10.04M
Summit Financial Total Liabilities
1.6B1.35B1.31B1.28B1.28B1.35B1.39B1.49B1.54B1.35B
Minority Interest---------19.58M
Preferred Stock--9.18M9.29M9.32M9.32M3.51M3.51M--
Common Stock Net46.75M45.74M32.67M24.66M24.52M24.51M24.5M24.5M24.45M24.39M
Capital Surplus----------
Retained Earnings113.44M100.42M87.71M77.13M69.84M64.9M61.2M63.47M64.7M65.07M
Treasury Stock1.58M1.96M--------
Other Liabilities-3.26M-0.45M2.07M-0.02M4.86M3.81M0.59M-0.84M-1.91M-0.04M
Summit Financial Shareholders Equity
155.36M143.74M131.64M111.07M108.55M102.56M89.82M90.66M87.24M89.42M
Summit Financial Total Liabilities & Shareholders Equity
1.76B1.49B1.44B1.39B1.39B1.45B1.48B1.58B1.63B1.44B
All figures in USD. M: Millions of USD, B: Billions of USD.
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Looking at Summit Financial historical stock prices and the current Summit Financial stock price can tell you how the stock price has moved, whereas the Summit Financial PE ratio chart shows if its shares are overpriced in comparison to peers. The important things to look for in a balance sheet are:
  • Assets: An asset is a resource that a corporation like Summit Financial owns and has economic value. The two major types of assets are: fixed assets like real estate, plant and machinery and current assets like cash, marketable securities and inventory. The total asset value for SMMF stock as of year is $1.76B. Its easy to associate the term with manufacturing companies, which invest a lot in factories and equipment. However, the same cannot be said about tech stocks.
  • Liabilities: This item on the balance sheet implies the firm's, in this case Summit Financial's, legal obligations including loans, accounts payable, deferred revenue, accrued expenses and mortgages. The total liabilities for SMMF stock stand at $1.6B.
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Summit Financial Balance Sheet - Key Ratios

Current ratio
0.89
Debt to Equity ratio
1.89
Asset Turnover
ratio
0.05
receivables turnover
ratio
0.06
PB ratio (
price to book ratio
)
1.4970